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Expect 2018 to be stellar for Moya after a superb 1Q, says RHB

Michelle Zhu
Michelle Zhu5/2/2018 03:17 PM GMT+08  • 2 min read
Expect 2018 to be stellar for Moya after a superb 1Q, says RHB
SINGAPORE (May 2): RHB is maintaining its “buy” call on Moya Holdings Asia with an unchanged target price of 15 cents after the group reported a “sterling” and “superb” 1Q18 set of results, in the research house’s view.
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SINGAPORE (May 2): RHB is maintaining its “buy” call on Moya Holdings Asia with an unchanged target price of 15 cents after the group reported a “sterling” and “superb” 1Q18 set of results, in the research house’s view.

In a Wednesday report, lead analyst Jarick Seet says he expects 2018 to be a stellar year for Moya with acquisitions and the extension of expiring concessions in the pipeline, particularly with the full accretion of Aquatico’s numbers to drive the group’s earnings growth ahead.

Noting Moya’s intentions to reduce its non-revenue water (NRW) by more than 50% in 2020, Seet thinks this could further boost the group’s revenues and margins as less cost would be needed compared to a new green field project.

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